Shares of Abercrombie & Fitch were sinking sharply Wednesday after the apparel retailer reported soft first-quarter same-store sales.
Abercrombie & Fitch reported a 1% increase in same-store sales, below analysts' average estimate of 1.33%, according to Refinitiv IBES.
The company's Abercrombie brand reported a 1% decline in revenue to $305.5 million while its Hollister brand increased sales 1% to $428.45 million. . . . more